LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Gold targets

[TRRG]

Even those who use Fibonacci retracements were looking at 1282, 885, and 243. All the fundamental sophistry of the Gold Promoters has amounted to propaganda if not outright fraud since typically they have have a business selling gold or are deeply invested in it and cannot see beyond their personal investment. Some are also more likely than not of the payroll of someone else to put out bogus analysis to trade against. They did that in the Dot.COM bubble as well.

I we hold 1084 for the weekly closing, then we can see a 2 week bounce and everyone will proclaim the low so hurry up and buy more. If we close below these numbers, then we can see a 2 week panic to the downside and a test of the 1980 high now. If that unfolds, then the latter target may be further down. So we play it by the numbers.

Martin Armstrong